Permobil AB
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Permobil AB - overview
Established
1967
Location
Sundsvall, -, Sweden
Primary Industry
Medical Devices & Equipment
About
Based in Sweden, Permobil AB provides power and manual wheelchairs, along with advanced seating systems designed to enhance mobility and independence for individuals with mobility limitations. Permobil AB, founded in 1967 in Sundsvall, Sweden, specializes in mobility solutions for individuals with disabilities, focusing on innovation in wheelchair technology. The company was fully acquired by Investor AB from Nordic Capital in a Secondary Buyout for EUR 655 million on March 27, 2013. Permobil specializes in advanced mobility solutions tailored for individuals with mobility limitations.
Their core products encompass a range of wheelchairs and seating systems, including customizable options such as the TiLite X, which is designed to enhance performance and ergonomics. The company also offers innovative products like ROHO® seating solutions, focusing on pressure relief and skin protection. These offerings aim to improve mobility, comfort, and independence for various end users, including children, adults, and seniors with diverse needs. Permobil’s solutions are marketed to customers in North America, Europe, and parts of Asia, ensuring accessibility for a broad demographic of wheelchair users and healthcare providers.
In the most recent fiscal year 2023, Permobil reported revenue of EUR 130,808. 70 mn and an EBITDA of EUR 26,472. 80 mn. The company operates through a business model that includes direct sales to consumers and partnerships with healthcare providers, facilitating procurement of powered wheelchairs and specialized seating systems through established networks of distributors.
Permobil plans to expand its product offerings with new innovative wheelchairs and seating solutions aimed at enhancing user experience, with specific product launches expected in the coming years. The company is targeting growth in markets across Asia and additional regions in Europe by 2025. The funding from the Secondary Buyout will support these initiatives, allowing for investments in research and development to further innovate their product lines and enhance their market presence.
Current Investors
Investor
Primary Industry
Medical Devices & Equipment
Sub Industries
Therapeutic Devices
Website
www.permobil.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Permobil AB - timeline of key events
Permobil AB - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 730,340,000 | 699,668,000 | 749,242,000 | 839,254,000 | 882,799,000 | 1,031,422,000 | 1,127,086,000 | 1,166,438,000 | 1,274,263,000 | 1,051,908,000 | 1,070,014,000 | - | - | - |
| % Revenue Growth (YoY) | - | (4.2%) | 7.1% | 12.0% | 5.2% | 16.8% | 9.3% | 3.5% | 9.2% | (17.4%) | 1.7% | - | - | - |
| EBITDA (USD) | 87,038,000 | 155,188,000 | 131,184,000 | 219,241,000 | 215,774,000 | 237,267,000 | 293,469,000 | 318,878,000 | 274,738,000 | 195,000,000 | 219,581,000 | - | - | - |
| Operating Income (USD) | 78,859,000 | 120,182,000 | 95,285,000 | 182,527,000 | 178,550,000 | 196,638,000 | 255,163,000 | 280,959,000 | 236,441,000 | 157,473,000 | 184,462,000 | - | - | - |
| Operating Margin | 10.8% | 17.2% | 12.7% | 21.7% | 20.2% | 19.1% | 22.6% | 24.1% | 18.6% | 15.0% | 17.2% | - | - | - |
| % EBITDA Margin | 11.9% | 22.2% | 17.5% | 26.1% | 24.4% | 23.0% | 26.0% | 27.3% | 21.6% | 18.5% | 20.5% | - | - | - |
| NET Income (USD) | 174,169,000 | (33,829,000) | (20,623,000) | 2,395,000 | (26,972,000) | (24,181,000) | (43,610,000) | (41,452,000) | (12,733,000) | 4,218,000 | (23,153,000) | - | - | - |
| % Net Margin | 23.8% | (4.8%) | (2.8%) | 0.3% | (3.1%) | (2.3%) | (3.9%) | (3.6%) | (1.0%) | 0.4% | (2.2%) | - | - | - |
Permobil AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | PDG Mobility | - | ||||||||
| Secondary Buyout | Completed | Permobil AB | - | ||||||||
| Buyout | Completed | Permobil AB | - |
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Permobil AB - employee data
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